Heard On The Street: Dealers Spot Action In Coforge, IKS, Infosys, TCS, Titan, Torrent Power And More
This edition of ‘Heard On The Street’ provides you with buzzing action on stocks like R Systems, Coforge, IKS, Sky Gold, Infosys, TCS Titan and Torrent Power.
NDTV Profit India has been tracking the action in the top dealing rooms of India’s financial capital, and this edition of ‘Heard On The Street’ provides you with buzzing action on stocks like R Systems, Coforge, IKS, Sky Gold, Infosys, TCS Titan and Torrent Power.
Heard On The Street provides readers with what well-informed investors, especially HNIs, FIIs, DIIs, and mutual funds, are buying and selling in the stock market. It also tracks the latest unconfirmed/unverified chatter around stocks and/or sectors.
NDTV Profit picked up the following cues from the dealing room chatter during trade:
R Systems and Coforge
There is a buzz of potential corporate development among these two names. Dealers indicate that Coforge might be considering acquiring R Systems.
IKS
Share prices of this Jhunjhunwala-backed company have fallen over 7% in anticipation of a potential block deal. Around 6% equity is anticipated to change hands in large trade.
Sky Gold
Multiple block deals worth Rs 383 crore took place in trade today, which led the stock to a lower circuit. The seller is still not known, but dealers indicate that big domestic institutions were buyers in the block, and some of them already hold a stake in the company.
Infosys and TCS
Dealers indicate that large high-net-worth individuals have been buying Infosys and selling TCS in trade today.
Titan and Torrent Power
Dealers indicate that foreign institutional investors are active buyers in both these counters in trade today. Dealers suggest that a foreign MNC broking firm might initiate coverage of these stocks.
Disclaimer: The mentioned stocks capture NDTV Profit's dealing room channel checks during trading hours. The information provided is for informational purposes. However, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the information. This content does not constitute financial, investment, or trading advice and should not be construed as a recommendation to buy, sell, or hold any securities.
